Month: July 2020

XE Market Analysis: North America – Jul 31, 2020

The dollar pared intraday declines that were largely seen ahead of the London open. The narrow trade-weighted USD index printed a fresh 26-month low at 92.59, the culmination of a 5% decline from the finishing level in June and marking just over a 10% drop from the highs seen in early March, before lifting to… Read more »

XE Market Analysis: Europe – Jul 31, 2020

The dollar continued lower in what is now the biggest monthly decline the U.S. currency has seen in a decade. The narrow trade-weighted USD index printed a fresh 26-month low at 92.59, the culmination of a 5% decline from the finishing level in June and marking just over a 10% drop from the highs seen… Read more »

What do vegans and livestock producers have in common?

UNDERSTANDING the shared animal welfare values of livestock producers and vegans could be the solution to industry sustainability, a Charles Sturt University researcher proposed today. Source: Beef Central What do vegans and livestock producers have in common?

Queensland’s top young livestock auctioneers to line up

QUEENSLAND’S top aspiring livestock agents will compete in the state’s young auctioneers’ competition next week. Source: Sheep Central Queensland’s top young livestock auctioneers to line up

Shorter wools moving in limited online market business

SHORTER fleece wool, pieces, bellies, crutchings and locks drew the most buyer interest in AuctionsPlus online sales over the last week, reflecting demand for semi-worsted products. AuctionsPlus commercial manager –… Source: Sheep Central Shorter wools moving in limited online market business

Sheep Producers Australia supports COVID-19 collaboration

PEAK industry body Sheep Producers Australia has called for greater ‘ground level’ collaboration by government authorities with livestock processors to ensure red meat supplies continue. Source: Sheep Central Sheep Producers Australia supports COVID-19 collaboration

What do vegans and livestock producers have in common?

UNDERSTANDING the shared animal welfare values of livestock producers and vegans could be the solution to industry sustainability, a Charles Sturt University researcher proposed today. Source: Sheep Central What do vegans and livestock producers have in common?

Wool growers want a government director on the AWI board

WOOL growers want the Federal Government to have a seat on the board of the industry’s research, development and marketing body – Australian Wool Innovation — to assist with ongoing governance issues. Source: Sheep Central Wool growers want a government director on the AWI board

Are JobKeeper payments creating an unlevel playing field in the cattle market?

Suggestions have been raised this week that Government JobKeeper payments being received by some processing industry personnel are helping to distort competition for livestock – in what is already an incredibly competitive slaughter cattle supply environment this year. Source: Beef Central Are JobKeeper payments creating an unlevel playing field in the cattle market?

Three new red meat resources for schools

MLA has launched three new video-based initiatives to continue educating students and their teachers about red meat production during COVID-19. Source: Beef Central Three new red meat resources for schools

Feedgrain Focus: Values firm as crop concerns build

Prices for wheat and barley have firmed in the past week in response to concerns about lack of moisture for some crops as spring approaches. Source: Beef Central Feedgrain Focus: Values firm as crop concerns build

COVID-19, stocks reporting impact grain industry: AGIC

Will the COVID-19 pandemic and domestic turmoil in the United States disrupt that nation’s agriculture and create new opportunities for Australian grain exporters on the world market? Source: Grain Central COVID-19, stocks reporting impact grain industry: AGIC

Recruitment: NSW students win national pitch competition with ag career app idea

Three New South Wales secondary school students have won the national 2020 Women in Agri-tech Pitch Competition with an app idea designed to entice youth to consider a career in agriculture. Source: Beef Central Recruitment: NSW students win national pitch competition with ag career app idea

Driving progression of historic family cattle enterprise earns business award

Fifth-generation NSW beef producer Jen Jeffreys has earned this year’s Dr John Morris’ Business Development Prize – a business prize awarded annually as part of the Rabobank’s Executive Development Program. Source: Beef Central Driving progression of historic family cattle enterprise earns business award

Post-pandemic swing to robotic, automated food production predicted

Food producers will now be moving to advance robotic and automated technologies much faster to prepare for the next pandemic, University of Queensland Professor Robert Henry says. Source: Beef Central Post-pandemic swing to robotic, automated food production predicted

XE Market Analysis: Asia – Jul 30, 2020

The DXY printed fresh two-year lows in N.Y. on Thursday, printing a base of 93.04, after opening at 93.61. The plunge in Q2 GDP, along with the rise in both initial jobless claims and continuing claims dented sentiment overall, seeing stock slide, and Treasury yields fall to record lows. The USD was impacted by the… Read more »

XE Market Analysis: North America – Jul 30, 2020

The dollar has managed a rebound from post-Fed lows, with the narrow trade-weighted USD index lifting above 93.50 after pinning a fresh 25-month low at 93.18. Speculative participants had built up a large net short dollar position going in to the FOMC, and a consequential profit taking motive has helped fuel the dollar’s bounce after… Read more »

XE Market Analysis: Europe – Jul 30, 2020

The dollar has managed a rebound from post-Fed lows, with the narrow trade-weighted USD index lifting above 93.50 after pinning a fresh 25-month low at 93.18. Fed Chairman Powell gave an unambiguously strong commitment to continued ultra-accommodative policy (“not even thinking about thinking about thinking raising rates”), though there were no changes in terms of… Read more »

Australian Lamb Company plans its comeback from COVID-19

VICTORIAN meat processor, the Australian Lamb Company at Colac, is planning to re-open on Monday next week, after being closed for about two weeks due to a COVID-19 outbreak. Source: Sheep Central Australian Lamb Company plans its comeback from COVID-19

COVID lessons helping make food supply chains more resilient

Major food supply chain partners Coles and JBS Australia gave some insights into the problems and solutions found in red meat supply onto the domestic market during recent COVID-19 challenges during a webinar hosted by the Food Agility CRC this week.  Source: Beef Central COVID lessons helping make food supply chains more resilient

UN deletes meat tweet

The United Nations has deleted its tweet which encouraged followers to eat less meat, claiming the meat industry was responsible “for more greenhouse gas emissions than the world’s biggest oil companies” Source: ABC Beef Cattle UN deletes meat tweet

Opinion: With steak and chips, you still need science

Neil Young once sang “Got mashed potatoes, ain’t got no T-bone”. It was one of the saddest songs I have ever heard, mostly because the song went for over nine… Source: Beef Central Opinion: With steak and chips, you still need science

RDC shakedown on cards

A rationalisation of Australia’s research and development corporations (RDCs) and a framework in which Australian producers can be rewarded with premium pricing if they use exemplary stewardship are in the pipeline, according to Federal Minister for Agriculture David Littleproud. Source: Beef Central RDC shakedown on cards

Dalby sale 22 July 2020: Yearlings kick 7-9c/kg

Light weight yearling steers returning to the paddock lifted in price by 7c to 8c/kg and more in places. Medium and heavy weight yearling steers and heifers to feed generally sold to strong demand. Source: Beef Central Dalby sale 22 July 2020: Yearlings kick 7-9c/kg

Market hurdles inhibit viability of feral pig harvesting

The potential revival of commercial harvesting of feral pigs faces significant business and market challenges, according to a new National Feral Pig Action Plan report. Source: Beef Central Market hurdles inhibit viability of feral pig harvesting

UN removes ‘meat worse than oil’ tweet

The United Nations has quietly removed a tweet posted earlier this week which claimed meat produces more greenhouse gas emissions than the world’s biggest oil companies. Source: Beef Central UN removes ‘meat worse than oil’ tweet

AGIC hears stewardship reward, RDC shakedown on cards

A rationalisation of Australia’s research and development corporations (RDCs) and a framework in which producers can be rewarded with premium pricing are in the pipeline, according to Ag Minister David Littleproud. Source: Grain Central AGIC hears stewardship reward, RDC shakedown on cards

Murray-Darling Basin water markets need major changes: ACCC

Water markets in the Murray-Darling Basin need major changes to allow for open, fair and efficient water trading that benefits water users, communities and the economy, the ACCC has found. Source: Grain Central Murray-Darling Basin water markets need major changes: ACCC

Yenda Prods acquires stake in Origin Grain

Riverina-based Yenda Prods Grain (YPG) has announced that it has acquired a minority stake in niche grain marketer, Origin Grain Pty Ltd. Source: Grain Central Yenda Prods acquires stake in Origin Grain

Why cheese won't be enough to save this struggling industry

For the first time in 14 years, a major WA dairy processor will make cheddar, but it won’t be enough to save the farmers behind the product. Source: ABC Livestock Why cheese won’t be enough to save this struggling industry

Irrigation water prices poised for 'sharp' drop

Last year, irrigation water soared to levels not seen since the Millennium Drought, but a new ABARES report says they’ll drop this season. Source: ABC Grain Irrigation water prices poised for ‘sharp’ drop

SunRice says season's price 'very high' despite 40 per cent drop

Australia’s largest rice processing company is standing by the price it has offered farmers to grow rice this season, despite an almost 40 per cent drop on last season’s price.  Source: ABC Grain SunRice says season’s price ‘very high’ despite 40 per cent drop

XE Market Analysis: Asia – Jul 29, 2020

The DXY was moderately lower though the N.Y. morning session, with trade cautious ahead of the FOMC announcement. Incoming early data saw the advance June goods trade deficit narrow more than expected, and pending home sales for June soar. Source: XE news feed XE Market Analysis: Asia – Jul 29, 2020

XE Market Analysis: North America – Jul 29, 2020

The dollar has been trading soft-to-steady, seeing new lows against some currencies and nudging the narrow trade-weighted USD index to a new 25-month low at 93.40. EUR-USD is showing modest gains, though has also remained with its Tuesday range and below the 22-month high see yesterday at 1.1782. Cable, meanwhile, lifted to a new five-month… Read more »

XE Market Analysis: Europe – Jul 29, 2020

The dollar is amid a second of trading steadily, consolidating the sharp declines seen over the prior 10 days. The narrow trade-weighted USD index has posted a 93.60-80 range so far today, holding within yesterday’s range and above the 25-month low that was seen on Monday at 93.68. EUR-USD is showing modest gains, though has… Read more »

AuctionsPlus premiums answer the ‘scan or not to scan’ question

AUCTIONSPLUS analysis has shown multiple/single pregnancy scanning of Merino ewes generated an average $23/head sale online price advantage over ewe lots with only wet/dry details, over the last six months. Source: Sheep Central AuctionsPlus premiums answer the ‘scan or not to scan’ question

AA Co remains upbeat, despite past year’s COVID, drought and market challenges

A ‘simpler, more efficient’ Australian Agricultural Co has allowed the business to continue to roll out its branded beef strategy and respond to challenges created by COVID-19, shareholders were told at this morning’s 2020 Annual General Meeting. Source: Beef Central AA Co remains upbeat, despite past year’s COVID, drought and market challenges

JBS Brooklyn returns to work

Victoria’s largest meat processing facility – JBS Australia’s Brooklyn abattoir – is gradually returning to full production after suffering a COVID-19 outbreak about three weeks ago. Source: Beef Central JBS Brooklyn returns to work

Vic processor Midfield flies in meat inspectors to keep plant running

Victorian meat processor Midfield has had to fly in coronavirus-free inspectors from interstate to keep its plant running after a brief closure last week to test all its workers for COVID-19. Source: Beef Central Vic processor Midfield flies in meat inspectors to keep plant running

Wean lambs early for sheep production and pasture benefits

WESTERN Australian sheep producers are being urged to wean lambs no later than 14 weeks after lambing starts to optimise lamb and ewe production, and pasture benefits. Source: Sheep Central Wean lambs early for sheep production and pasture benefits

Midfield flies in meat inspectors to keep lamb and beef chains going

VICTORIAN meat processor Midfield has had to fly in coronavirus-free inspectors from interstate to keep its plant running after a brief closure last week to test all its workers for COVID-19. Source: Sheep Central Midfield flies in meat inspectors to keep lamb and beef chains going

JBS Brooklyn abattoir resumes lamb and beef processing

VICTORIA’S largest meat processing facility – JBS Australia’s Brooklyn abattoir — is gradually returning to full production after suffering a COVID-19 outbreak about three weeks ago. Source: Sheep Central JBS Brooklyn abattoir resumes lamb and beef processing

AA Co AGM board questions: What was on shareholders’ minds?

Over-reliance on China as a beef market, sustainability claims and future prospects for shareholder dividends were among the wide-ranging topics explored by shareholders tuning-in to this morning’s AA Co annual general meeting. The company’s 2020 AGM and shareholder question session was held online for the first time due to COVID. Source: Beef Central AA… Read more »

Call for government to back grain industry through COVID uncertainty

The Federal Government needs to get behind Australian farmers and help them through the challenges of the COVID pandemic by addressing trade, market and regulation issues, according to GrainGrowers Ltd. Source: Grain Central Call for government to back grain industry through COVID uncertainty

First sterile leucaena trial seedlings planted in WA’s north

The first seedlings from a research project to develop a sterile leucaena variety were transplanted at secure sites at Carnarvon, Broome and Kununurra recently. Source: Beef Central First sterile leucaena trial seedlings planted in WA’s north

Weekly rainfall wrap + rain outlook, 29 July 2020

Surface- and upper-level troughs brought moderate falls to eastern Queensland, while a deep coastal low produced widespread moderate falls in central and eastern New South Wale, with heavier falls along the coast. Source: Beef Central Weekly rainfall wrap + rain outlook, 29 July 2020

Weekly rainfall wrap + rain outlook, 29 July 2020

Surface- and upper-level troughs brought moderate falls to eastern Queensland, while a deep coastal low produced widespread moderate falls in central and eastern New South Wale, with heavier falls along the coast. Source: Sheep Central Weekly rainfall wrap + rain outlook, 29 July 2020

Tensions rise over WA Government's Fitzroy River election commitments

With less than eight months until the upcoming WA election, tensions are rising between a farm lobby group and traditional owners in the Fitzroy Valley over the future of the Fitzroy River. Source: ABC Livestock Tensions rise over WA Government’s Fitzroy River election commitments

Consumers not likely to be impacted by meat processor shutdowns

The shutdown of meat processors in Victoria due to COVID-19 cases among abattoir workers will not affect meat supplies for consumers, industry figures say. Source: ABC Livestock Consumers not likely to be impacted by meat processor shutdowns

XE Market Analysis: Asia – Jul 28, 2020

The Dollar stemmed its recent bleeding in N.Y. on Tuesday, though gains overall were modest. The DXY managed to hold above the two-year low seen Monday, bottoming at 93.50 before bouncing to 94.01 into the open. Incoming data was mixed, with June consumer confidence weaker than expected, and the July Richmond Fed index posting a… Read more »

Weekly genetics review: Where is the industry up to with Multi-Breed EBVs?

The multi-breed EBV project is one of the most significant large-scale cattle breeding projects in southern Australia since the CRC for Beef Genetics. The project will allow the direct comparison of sires joined and managed in multiple environments across NSW with cattle being finished in feedlots and heifers retained and joined in the project. As… Read more »

‘Reckless’ UN blasted for meat misinformation campaign

Cattle Council of Australia is calling out the United Nations for its over-simplified claims regarding the impact the meat industry has on climate change. Source: Beef Central ‘Reckless’ UN blasted for meat misinformation campaign

Genetically-edited bull calf is programmed to produce more male offspring

US animal scientists at the University of California, Davis, have successfully produced a bull calf that was genome-edited as an embryo to produce more male than female offspring. Source: Beef Central Genetically-edited bull calf is programmed to produce more male offspring

Weekly kill: Further slippage in mid-winter slaughter

Eastern States beef kills fell to a four-month low last week, as supply of slaughter-type cattle continued to tighten, and Victoria’s COVID-related plant closures took effect. Source: Beef Central Weekly kill: Further slippage in mid-winter slaughter

Aussie beef stays strong during second COVID wave 

Cattle Council of Australia is moving to reassure Australian consumers that beef will still be readily available in our butcheries and supermarkets, despite a second wave of COVID-19 in Victoria.  Source: Beef Central Aussie beef stays strong during second COVID wave 

Wagga sale 27 July 2020: Buyers revel in winter weight bounty

The mild winter and prolific growth of feed in many areas gave buyers a wonderful selection of trade and heavy export cattle. The bulk of the yarding weighed 400kg plus. Source: Beef Central Wagga sale 27 July 2020: Buyers revel in winter weight bounty

Greater quality assurance needed in reef science, Dr Peter Ridd tells inquiry

Former James Cook University scientist Dr Peter Ridd tells a Federal Senate inquiry that higher levels of quality assurance are needed to check the science used to underpin new water quality controls on agriculture in the Great Barrier Reef catchment. Source: Beef Central Greater quality assurance needed in reef science, Dr Peter Ridd tells… Read more »

Bigger is better, in Hungry Jack’s new burger offer

National burger chain Hungry Jack’s has gone down the ‘bigger is better’ route with two new beef burger options launched today – the largest offering a half-pound (230 grams) of Aussie beef. Source: Beef Central Bigger is better, in Hungry Jack’s new burger offer

Wanted: someone to feed and cuddle more than 50 infant kangaroos

These “soft and very cute” joeys come from the pouches of kangaroos killed in accidents or by hunters and the wildlife refuge that is rehabilitating them is crying out for volunteers to help feed the orphaned roos. Source: ABC Livestock Wanted: someone to feed and cuddle more than 50 infant kangaroos

Cattle turnoff forecast to fall, but herd rebuild slow to gather pace

The Australian cattle market finds itself in a unprecedented position, with many divergent factors impacting the industry in addition to COVID-19, according to MLA’s mid-year Cattle Industry Projections update. Total adult cattle slaughter is now forecast to drop to 7 million head, down 17pc compared to 2019 levels. Source: Beef Central Cattle turnoff forecast… Read more »

Southern Hemisphere record price set for 'filly of a generation'

Sunlight, a three-time Group One-winning mare, goes under the hammer for $4.2 million, setting a new benchmark at the Magic Millions National Broodmare Sale on the Gold Coast. Source: ABC Livestock Southern Hemisphere record price set for ‘filly of a generation’

XE Market Analysis: Asia – Jul 27, 2020

The DXY fell to two-year lows of 93.48 in N.Y. on Monday, down from 94.40 highs seen in Asian hours. Incoming data has the June durables report, where order rose a better than consensus 7.3%. As has been the case of late, there was little if any market reaction. Wall Street made headway, led by… Read more »

XE Market Analysis: North America – Jul 27, 2020

The dollar continued to decline, printing fresh trend highs against the euro and other currencies. The narrow trade-weighted USD index (DXY) fell over 0.5% to a 22-month low at 93.76 in what is now the seventh consecutive day of decline and the fourth straight week the index has surpassed its prior-week low. Momentum has also… Read more »

XE Market Analysis: Europe – Jul 27, 2020

The dollar continued to drop, printing fresh trend highs against the euro and other currencies. The narrow trade-weighted USD index (DXY) fell over 0.5% to a 22-month low at 93.84 in what is now the seventh consecutive day of decline and the fourth straight week the index has surpassed its prior-week low. Momentum has also… Read more »

AgForce urges action on Q Fever vaccine access

QUEENSLAND’S AgForce has called on its State Government to invest in and improve access to the vaccine for Q fever, a little-known infectious disease that causes significant lifelong health issues for farm workers. Source: Sheep Central AgForce urges action on Q Fever vaccine access

LLS webinars to answer all silage questions for NSW producers

LIVESTOCK producers considering silage will have their questions about the forage storage option answered in a series of webinars by New South Wale’s Local Land Services. Source: Sheep Central LLS webinars to answer all silage questions for NSW producers

Full wool Merino ewes carrying multiple lambs make $284

SCANNED in-lamb Merino ewes were in strong demand on AuctionsPlus last week as the national online sheep and lamb offering fell by 27,849 head to 43,054. Source: Sheep Central Full wool Merino ewes carrying multiple lambs make 4

NSW students win national pitch competition with ag career app idea

THREE New South Wales students have won the national 2020 Women in Agri-tech Pitch Competition with an app idea designed to entice youth to consider a career in agriculture. Source: Sheep Central NSW students win national pitch competition with ag career app idea

South Australia suffers OJD incursion from WA sheep

SOUTH Australia has suffered a major incursion of Ovine Johne’s Disease via Western Australian sheep sold into its mid-north region. Source: Sheep Central South Australia suffers OJD incursion from WA sheep

Red meat sector supports Premier Andrews’ ‘stay at home’ message

AUSTRALIA’S red meat industry has supported Victorian Premier Daniel Andrews’ message for workers to stay at home if they develop COVID-19 symptoms, but urged against any industry shutdowns. Source: Sheep Central Red meat sector supports Premier Andrews’ ‘stay at home’ message

Livestock financier StockCo appoints new CEO

Livestock finance specialist StockCo Australia has announced the appointment of Doug Snell to replace Richard Brimblecombe as the company’s new chief executive officer. Source: Beef Central Livestock financier StockCo appoints new CEO

COVID a community and public health issue, not a meat industry issue, says AMIC

COVID was a public health issue and a community-transmitted virus, not a meat industry or food safety issue, AMIC argued in a statement this afternoon, as Victorian Premier Daniel Andrews warned that entire industries could be shut down in the state if people continued to go to work with symptoms Source: Beef Central COVID… Read more »

New 15-year Great Artesian Basin strategic management plan released

The next 15-year strategic management plan for Great Artesian Basin water has been released today, focusing on improving alignment of Basin management with nationally agreed strategies and frameworks. Source: Grain Central New 15-year Great Artesian Basin strategic management plan released

New 15-year Great Artesian Basin strategic management plan released

The next 15-year strategic management plan for Great Artesian Basin water has been released today, focusing on improving alignment of Basin management with nationally agreed strategies and frameworks. Source: Beef Central New 15-year Great Artesian Basin strategic management plan released

NT bee numbers are dwindling after back-to-back dry wet seasons

The Northern Territory is facing a bee drought and the situation is threatening the livelihood of beekeepers and farmers reliant on bees for crop pollination. Source: ABC Livestock NT bee numbers are dwindling after back-to-back dry wet seasons

Genetic selection for improved MSA scores

While many of the factors that affect the eating quality of a carcase and its suitability for Meat Standards Australia programs are heavily influenced by animal handling and management, many factors are also influenced by the genetics of an animal. Bull selection for traits relevant to MSA performance can substantially improve results, in both temperate… Read more »

Lighter steers and heifers trend upwards in larger AuctionsPlus offering

Lighter steer and heifer categories showed a rising trend in AuctionsPlus online trading this week, which put a larger offering of 12,000 head in front of bidders. Source: Beef Central Lighter steers and heifers trend upwards in larger AuctionsPlus offering

XE Market Analysis: Asia – Jul 24, 2020

The DXY fell to fresh 22-month lows of 94.36 in N.Y. on Friday, marking the fifth-straight session of lower daily highs and lows. The Dollar appears to be relinquishing its role as a safe-haven currency over the past several sessions, as another risk-off session did not support the USD as had been the case for… Read more »

XE Market Analysis: North America – Jul 24, 2020

The yen has outperformed as risk aversion took a firm grip on global markets, though the risk-off theme was paused by above-forecast readings in preliminary July PMI survey data out of Europe. The dollar has remained on a softening path, with the narrow trade-weighted USD index (DXY) carving out a fresh 22-month low at 94.57. … Read more »

XE Market Analysis: Europe – Jul 24, 2020

The yen has outperformed today as risk aversion took a firm grip on global markets. The dollar has so far failed to pick up safe haven demand, and has remained on a softening path. The narrow trade-weighted USD index (DXY) carved out a fresh 22-month low at 94.57. The dollar has lost appeal partly on… Read more »

Barley driving the bus in feedlot rations

Barley has increasingly become the grain of choice among eastern states feedlot operators this year, as a wide price gap appeared between the two major white grains. Source: Beef Central Barley driving the bus in feedlot rations

Recruitment: NFF launches workforce survey to target industry needs

The National Farmers’ Federation wants to know if grain growers need workers, and how they source their labour. The NFF last week launched the 2020 edition of its annual Farm Workforce Survey and is calling for farmers across all sectors to complete an online questionairre. Source: Grain Central Recruitment: NFF launches workforce survey to… Read more »

Mandate pain relief, but don’t ban mulesing – AWGA

NATIONAL producer body, the Australian Wool Growers Association, supports mandating pain relief when mulesing sheep in New South Wales, but rejects a proposed ban on the flystrike preventative practice in the state. Source: Sheep Central Mandate pain relief, but don’t ban mulesing – AWGA

The rise and rise of feed grain

Grain destined for domestic animal feed use has risen to over 40pc of Australia’s total annual grain production, reflecting the continued growth of the beef cattle feedlot and chicken meat sectors in Australia and the more recent impact of severe drought years. Source: Beef Central The rise and rise of feed grain